Monday, November 20, 2017
oil

Oil and Tech Rally on Wall Street Sends Stocks Soaring

Stocks climb cautiously as oil, tech stocks rally ahead of ECB meeting Source - Market Watch U.S. stocks climbed modestly Wednesday afternoon, shrugging off a turn lower, as a rally in oil prices and sharp advances in energy and tech stocks...
wells fargo

Wells Fargo Admits Deception in $1.2B Settlement

Wells Fargo admits deception in $1.2 billion U.S. mortgage accord Source - Reuters Wells Fargo & Co (WFC.N) admitted to deceiving the U.S. government into insuring thousands of risky mortgages, as it formally reached a record $1.2 billion settlement of a...
australia

Australia Worried About Chinese Investment

The Most China-Dependent Economy Isn't So Keen on Chinese Money Source - Bloomberg Australia, the developed world’s most China-reliant economy, offers a natural destination for billions of dollars of investment from its largest trading partner. There’s just one hurdle -- the Australians...
wells fargo

Wells Fargo CEO Sold Millions In Stock Before Fraud Revelations

Source: Kathy Kristof via CBS News Wells Fargo CEO Sold Millions In Stock Before Fraud Revelations Former Wells Fargo Chairman and CEO John Stumpf sold $61 million worth of Wells Fargo (WFC) shares in the month prior to settling a long-running...

TransUnion And Equifax Have Been Fined $23 Million For Deceiving Customers Over Credit Scores

Source: fortune.com A U.S. regulator on Tuesday ordered credit reporting agencies TransUnion and Equifax (EFX, +0.23%) to pay more than $23.2 million in fines and restitution for deceiving consumers about the usefulness and cost of credit scores they bought. The U.S. Consumer Financial...

AT&T makes the poor pay more

Source: Steve Dent via Engadget AT&T is using a technicality to refuse its FCC-mandated "Access From AT&T" discount program to families who should qualify for it, according to the National Digital Inclusion Alliance (NDIA). In an absurd twist, the loophole...

If You Have $10 And No Debt, You Are Richer Than 15% Of American...

Source: Tim Worstall, forbes.com It is possible to take this as a sign of the approaching Apocalypse - that 15% of American households own less than nothing. It is also possible to simply observe that if you've got $10 in...
mexico

Fuel Prices Spike In Mexico, Mass Protests Erupt

Source: Christopher Woody of Business Insider Outcry about fuel price hikes may be trouble for Mexico's government Mexicans have mounted three straight days of protests since a widely scorned gas price increase went into effect on January 1. The country's finance ministry announced on...
stocks

US Stocks At 7-week High

U.S. Stocks Rally With Emerging-Market Assets as Crude Tops $34 Source - Bloomberg U.S. stocks rallied to a seven-week high after data indicated manufacturing in the world’s largest economy may be stabilizing, while optimism that central banks from Asia to Europe...

Solving Poverty Needs to Be About Addressing Inequality

Source: David Lay Williams via The Washington Post Depiction of Louis XVI being led to the guillotine at the time of his execution, Place de la Concord, 1793. Created or published between 1890 and 1920. (Library of Congress Prints and...

BREAKING NEWS

Sarahah Quietly Uploads Your Entire Address Book

Source: The Intercept Hit App Sarahah Quietly Uploads Your Entire Address Book Sarahah, an app that lets people sign up to receive anonymized, candid messages, has...